Coeur Mining, Inc. (NYSE:CDE) is a top pick among hedge funds for mineral stocks. Roth Capital raised Coeur Mining’s price target from $10 to $12 with a ‘Buy’ rating, citing strong gold and silver prices.

Analysts project gold prices to rise to $3,294 per ounce in Q2 and $3,150 in Q4. Silver prices are expected to increase to $33.22 in Q2 and $35.00 in Q4.

Gold equities have surged 46% YTD, outperforming the market. Coeur Mining’s stock has climbed 65.12% YTD. The company operates in various sites, producing gold, silver, zinc, and lead.

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Read more at Yahoo Finance: Roth Capital Raises PT on Coeur Mining, Inc. (CDE) from $10 to $12; Maintains ‘Buy’ Rating